Ethereum To Drop To $1,284 Before The Merge? VC Money In Crypto With David Nage, Arca
This episode covers two main topics: the Ethereum merge and the flood of VC money into crypto. Technical analysis suggests Ethereum may drop to $1,284 before the upcoming merge in September. I am breaking down why this may happen and discuss the possible scenarios for Ether. Also, I am joined by David Nage, portfolio manager at Arca who provided deep insights as to what's going on with VC money in crypto, where the funds are deploying cash and how venture investing has changed since last year's bull market.\n\nJOIN THE FREE WOLF DEN NEWSLETTER\nhttps://www.getrevue.co/profile/TheWolfDen\xa0\n\nGET UP TO A $8,000 BONUS IN USDT\n\u25ba\u25ba https://thewolfofallstreets.info/bitget\xa0\xa0\xa0\n\nTRADE ON THE WORLD\u2019S BEST DEX, BULLISH:\n\u25ba\u25ba https://thewolfofallstreets.info/bullish/youtube\xa0\n\nFollow Scott Melker:\nTwitter: https://twitter.com/scottmelker\xa0\nFacebook: https://www.facebook.com/wolfofallstreets\xa0\xa0\nWeb: https://www.thewolfofallstreets.io\xa0\nSpotify: https://spoti.fi/30N5FDe\xa0\nApple podcast: https://apple.co/3FASB2c\xa0\n\nTimestamps:\n0:00 Intro\n1:30 Crypto market update\n3:09 David Nage\n4:05 $290 billion in dry powder\n5:15 $10 billion deployed in crypto in Q2 2022\n6:30 VC money is still coming into crypto\n7:10 42% of all investments are in Web3\n10:00 DeFi and the code\n11:30 Main point of failure are bridges\n12:15 Arca\u2019s fund performance\n14:15 The merge\n17:55 a16z invested $1 billion in seed in 500 companies\n19:47 VC behavior: what is behind the urge to deploy money\n22:53 Ethereum can go down to $1,284\xa0\n31:02 Argentine Presidential Candidate Sued Over Alleged Crypto Ponzi Scheme\n32:35 a16z believes in crypto\n33:42 Telegram CEO Proposes Auctioning Usernames, Links As NFTs\n34:35 Metaverse avatar platform Ready Player Me raises $56 million\n36:40 NFT exchange SudoRare suffers $800,000 \u2018rug pull\u2019 six hours after launch\n38:00 Hackers Lose 5 Ether While Trying to Attack Near Protocol\u2019s Rainbow Bridge\n39:17 Wrap up\n\nThe views and opinions expressed here are solely my own and should in no way be interpreted as financial advice. This video was created for entertainment. Every investment and trading move involves risk. You should conduct your own research when making a decision. I am not a financial advisor.\xa0Nothing contained in this video constitutes or shall be construed as an offering of financial instruments or as investment advice or recommendations of an investment strategy or whether or not to "Buy," "Sell," or "Hold" an investment.